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Showing content with the highest reputation since 06/12/2016 in all areas

  1. 5 points
    Just a quick take on the AGM yesterday. The AGM took place in a restaurant in Randburg, not really a conferencing setting, not well attended I would say. The place was noisy, restaurant staff moving and chatting, trucks passing by, one could hardly hear the topics discussed & answers given (1st half). Quite poor from my perspective. We could have even used one of their school halls to be honest, with a microphone and a speaker, they are a start up after all. No need to go fancy, but the quality could have been better. Questions asked for for me were not answered in a satisfactory and comforting manner. Issues of liquidity for example, as stated in the reports that the “going concern” topic is an issue.....Management + Directors could not answer how long the company will be able to go on with the cash they have in the bank or that they generate. In my books they are in over their heads. Concerning to me me was also the topic of the suspension, Management and directors do not know when the suspension will be lifted. When I called last week, I was told this any time this week, but did not happen. Why concerning ? Well the CEO indicated they are not able to continue with the schools expansions due to the fact that they cannot raise capital as a result of this suspension. Then they shift the blame....it’s up to the JSE when the suspension will be lifted. They further more placed the blame on the previous Finance person that they appointed for the delay in results, trying to give comfort with the fact that the person is no longer with the company. In my books they didn’t take accountability at all. In in terms of regulatory understanding....zero....willingness to get up to speed, I did not see it. Shareholders in this company are taken for ****. Rookie mistakes point me to this conclusion. PEM is a great idea, with potential but being run by incapable management. I will salvage what I can if trading resumes....much more better opportunities in the market. One cent is coming for this one. Too many wrongs and they don’t know how to fix it and not willing to get help to do so.
  2. 3 points
    Good day all, Our questions 1) If we need R50k a month to survive when we retire how much do we need to have invested in total ? 2) If the South African government implemented prescribed investments would it affect any investments which are not RA's ? Any input would be greatly appreciated. Have a great weekend all. Sideways
  3. 3 points
    While there is certainly merit to the argument that on average, in the long run, passive investments perform at least as well as, if not better, than actively managed investments, the funds in which Momentum has invested your money (ie. Allan Gray, Coronation, Investec etc) have had phenomenal performance since their inception, and they are certainly not just your average actively managed funds. These funds are among the best South Africa has to offer with returns beating the benchmark year after year. Also remember that offshore has its (important) cons as well as its merits. While offshore investments may serve as a Rand hedge, they simply cannot keep up with our inflation. Even with the annual average 4% drop in the Rand, the 2-4% growth typical of global growth, even when combined with Rand depreciation, does not usually beat South Africa's 6.5 - 8% inflation. South African markets do tend to perform a few percent higher than inflation though, and I'm pretty sure that if you look at your Momentum fund returns, you're probably close to 11% annual return over the past 10 years after the 2% costs have been deducted, even though the market has been flat. In every/any chosen period longer than 10 years (10-years, 15 years etc) South African investments have beaten the offshore average, even when compounded with Rand depreciation. I'm wary of moving too much money offshore. Consensus at the moment is that 30-40% of your money offshore presents the optimal risk to reward ratio. Also bear in mind that 30 -35% of your Momentum fund is already invested offshore. If it were me, I'd keep the bulk of the money with Momentum. Especially since you're 55, the actively managed approach, which switches between bonds, stocks and cash as the market fluctuates, decreases your risk significantly. The good thing about managed funds is that they limit the downside, while they may underperform passive investments slightly during strong bull markets. At 55, preserving your wealth is definitely more important than high-risk growth. So yes, I personally do believe that moving your Momentum investment to passive investments would be a mistake in your case. If it were me, I'd keep the R5.5M right where it is! (The extra R2M is only a quarter of your portfolio so it seems a reasonable amount to put in the higher risk passive funds as you have done.)
  4. 3 points
    Hi all. I had joined here in March of 2017, but don't think I ever did a proper introduction. I live in KZN on the North Coast for now. I started realizing the need to get into investing, diversifying and saving some capital instead of living pay check to pay check which dwindles before your eyes in our current economy. I started with Easy Equities in 2017, investing in some companies with a percentage of my salary I could afford to loose. Then trading and charts got the better of me and I started learning the ropes via online resources and trial and error, I feel fairly confident with technical analysis on charts now but do know that every day I learn something new and the markets are unpredictable to an extent, If you have some strick money managment rules in place (using consistent win/loss ratios with your stop losses and take profits) and have an edge in reading charts you can become profitable with patience. This lead me to forex and cryptocurrencies due to there massive percent movement in a short space of time. Have been doing a lot of day trading, swing trading and have had my fair share of gains and losses (rollercoaster indeed), have gained and still gaining invaluable experience. I am truly enjoying this field and wish for it to become my main source of income very soon. I am a "Gamer ish" and spend a lot of time at the computer so this fits my lifestyle perfectly. If I can share my experience and thoughts here with others who are looking at doing similar, that would make me happy. Cheers and good luck out there for now. Don't fomo, patience.
  5. 3 points
    My Reasons for my strategy: Local vs global: First, my thoughts on local vs global ETFs. For the last 20 odd-years, the Rand has averaged a depreciation against the Dollar of roughly -4% per year. The S&P500 has had roughly 6.8% growth, thus giving a total return of roughly 11% (including Rand effects) by investing offshore. The JSE, on the other hand, has performed at over 15% per annum for this period. Global returns are generally lower than local returns because inflation is lower globally than in RSA. Thus, even with the dropping Rand, local returns historically still trump global returns in the long run. That's why I'm happy with a 50%/50% split in global vs local ETFs. My ETFs - the good and the bad: CTOP50: The JSE has never been cheaper. It's P/E is good enough even to start being attractive to foreign investors. Also, I love that 10% cap in any one company. This ETF is a must. DIVTRX: If the bear market continues, high-dividend shares perform better. That's why I'm holding on to this one for now, but eventually (after the market starts to recover), I may sell this and buy CTOP50 with this money. PTXTEN: Different asset class - not correlated to the JSE. Property always does well in the long tern and is at a 52-week low. A steal at this price. STXQUA: I just love the companies in this ETF - such attractive fundamentals. I own this one simply because I believe in the companies that this ETF represents. ASHGEQ: Diversified global. Core ETF. GLODIV: A smart-beta ETF - its methodology may outperform the global all-share index in the long run, so a competitor for ASHGEQ. GLPROP: Global property. I'm not too sure about this one, as global property returns are not generally as good as local ones, even with the extra 4% per annum Rand depreciation. I may sell this one eventually. For now, though, with the uncertainty in the market, this is just to have a different asset class. STXEMG: Highest potential for growth over 25 years. Emerging markets fluctuate wildly but always outperform developed markets in the very long term. SYG4IR: I had to have some Tech shares, but I already have too much in the USA through my other ETFs, Thus, this gives my exposure to the newest and most exciting tech in Asia. If I didn't have this I would replace it with STXNDQ, but I just don't want too much USA at the moment. The USA has had it's longest bull market in history. How long can it continue? It might, but I prefer to be diversified. My shares - why I own/will continue to buy these ones: CML: Dividends of almost 10% per annum - that's better than cash even before growth! My favourite stock pick for 2019 at the moment. CPI: Continues to remain strong, even in the terrible 2018. DCP: Tough choice between either Dis-Chem or Clicks. But I didn't want two in the same sector, since the two are very well correlated. I just feel that since Dis-Chem is new and Clicks is already well established, Dis-Chem has more potential for growth between the two. DSY: Historically rock solid, and with Discovery Bank on the way, it looks even more attractive than its already dazzling history. L4L: Still holding on to the belief that this one will take off one day. A bit of a risk, but it may pay off. MRP: Had a bit of a dip, but recovering nicely. Cheap clothes of reasonable quality must do well in the long run. And with its competitors in the clothing department losing the plot (I'm thinking Woolworth and Edgars here), it just has to go up. SHP: The poor performance of this stock has been due to negative inflation of the food products on its shelf (the average prices of its shelf actually dropped in 2018), thus dropping its turnover (and profit). As food inflation is expected to rise in 2019 (also with drought predicted again) this should reverse the losses and lead to considerable gains. This share is also very cheap at the moment.
  6. 3 points
    Hi Taurus and welcome to the forum. Disclaimer - I'm not a financial adviser - just a forum member with a few years of self-study and experience who invests and trades on the JSE, and the following discussion is based merely on my own observations and opinions. Yes, you have too many ETFs. It's not so much the number though, but rather that you have some that track exactly the same index/companies which duplicates your costs and skews your perceived exposure. A few observations: 1. A massive chunk of your investment is indirectly invested in a single company - namely Naspers. The Satrix Indi, Top 40 and RAFI are basically all investing in exactly the same few companies, but in differing percentages. The Indi is largely Naspers, which has historically performed exceptionally well, but now that the fundamentals of TenCent (of which Naspers owns 30%) has changed, the future may not be anywhere as near as attractive. I'd definitely be nervous with such a big percentage of my portfolio in Indi (plus, it's never a good idea to have such a big chunk of a portfolio in a single sector). If it were me, I'd combine all three of these into Satrix 40. 2. The Satrix S&P 500 and the Sygnia Itrix MSCI World are pretty much the same thing with a tiny bit of extra emerging market exposure in the MSCI world ETF. This is duplication and skews your exposure. 3. If you're looking for diversification in property, I'd go at least 20% property (10% local property (PTXTEN) and 10% offshore property (GLPROP)), since it's a different asset class and doesn't necessarily correlate to stocks. If the stock market crashes, these may very well shine. In fact, in the long term, property has always done well. 4. Ashburton Government bonds - a different asset class which is good for diversification but in the long run doesn't do as well as equities. Having these in your portfolio depends on your risk tolerance - these are much safer than stocks, but underperform in the long run (longer than 10 years). If you want diversification with bonds, go at least 10% bonds. Otherwise, it just doesn't add any value to your portfolio, because at 2% of your portfolio, the purpose of this asset class (risk reduction) simply isn't significant and you may as well put it in something higher risk with better potential returns. 5. Sygnia Japan and Eurostoxx: These are already covered in MSCI world. The combination of S&P500, Japan and Euro is pretty much what MSCI world has done for you anyway - you're just duplicating the Sygnia MSCI world ETF and splitting it up into it's components. All you get by having all of these is more costs and a skewed sense of diversification. Why not just combine all of these into MSCI world? 6. Nasdaq and Sygnia 4IR: I personally like tech shares and I think these will do well. Personally, I'd buy more than your 2% in tech - maybe 5-10%. 7. Satrix Quality: I love this ETF. The companies in this portfolio are fantastic with amazing fundamentals. The dividends from this ETF are also extremely attractive. 8. Satrix Fini: This sector is already very well represented in the top 40. Just more exposure to the same thing. NB: Your current exposure to the local Top 40 is 68% of your portfolio (26.14% Indi + 20.32% T40 + 12.03% RAFI + 9.07% Fini, which all have the same companies, especially Naspers, which is more than 20% in your case) This is the whole point - you think you're diversifying, but you're not! If it were up to me, and you asked me to re-balance your portfolio using your selection of ETFs, I'd sell INDI, RAFI, FINI, S&P500, Japan, EuroStox, and combine a whole lot of your ETFs to buy: 60 % Core Shares (Local and Global): STX40 - 20% STXQUA - 10% SYGWD - 20% GLODIV - 10% 20% Property (Local and Global): PTXTEN - 10% GLPROP - 10% 10% High-risk but high potential tech shares: STXNDQ and/or SYG4IR - 10% 10% bonds (If your proposed investment period is less than 10 years) or better still, buy 10% in emerging markets (STXEMG) instead. ASHWGB - 10% (Alternatively, rather than bonds, I'd use this 10% to buy emerging markets in the form of STXEMG, which has exposure to China, Brics countries etc. - lots and lots of long term potential).
  7. 3 points
    Great article from Bruce Whitefield, I bet your banker did not explain it to you in such clear terms: Banks love it when you don’t settle your credit card balance in full. If you owe your bank R10,000 and pay R9,999, then they are entitled – as per the small print – to charge you interest on the full R10,000 rather than the R1 that you failed to pay. It may seem iniquitous, but those are the rules. They even have a special name for people who pay the minimum amount every month on their credit card statements. They are called “revolvers”, and they are charged significant amounts of interest for extending the agreed borrowing period. That is as opposed to “transactors”, who pay the full outstanding balance monthly, having taken advantage of the reward scheme and the interest-free period made available to them. Banks are not great fans of transactors as they make lower fees and earn less interest from them. Still, the financial institution does make a percentage every time their customer uses the card, so don’t feel too bad for the bank. Source: https://www.businessinsider.co.za/beware-these-fiendish-credit-card-tricks-2018-12
  8. 2 points
    Today marks 422 days approximately until the next bitcoin 'halving', where the amount of bitcoin that is able to be mined every day is cut in half forever. The approximate date will be 24 May 2020. After previous bitcoin booms and busts in the hype cycle the uptick in the price has started to show improvement around 500 days before the halving. We are past that point, so I am hoping that there will start to be a slow steady increase in price again like there has been before. Lets see if history will repeat itself once again. The Bitcoin block mining reward halves every 210,000 blocks, and this time the coin reward will decrease from 12.5 to 6.25 coins approximately every 10min in May 2020. Usually there are guys who anticipate the increased demand and the price increase that responds to the demand, who buy in advance so that they can sell when the real frenzy starts at a great profit. I would bet that if things go like they have gone in the past, people will buy up bitcoin leading up to the halving, and might even dump a bunch before the actual date, before other guys get a chance to do the same thing. Lets see how it all plays out... EDIT:
  9. 2 points
    Option 1: Takealot for around R1680 Option 2: From their site for R976 + customs/import (https://shop.ledger.com/products/ledger-nano-s) Free shipping from DHL (3 business days) Question: Does anyone know what the import costs will be payable on this? Read around that in SA it could be around 15% VAT and 10% Duty = +25% (total costs R1220) Are there other costs? If R1220 is the case it's a way better deal to buy direct plus you can choose your Nano S color (I want Transparent )
  10. 2 points
    I have ordered single units as replacements which came without having to pay extra duties. Buying bulk means you definitely have to pay the duties, and also the fee to the courier company to 'process' your order and delivery. I am out of stock of Ledger Nano S devices and most likely not ordering bulk again, unless I can make it worth while. Bulk orders are not priority to them, so they sometimes take months to arrive, while the price of bitcoin changes drastically during that time period, which means your profit can disappear completely. For the end user, its faster and cheaper to just order directly from Ledger now, especially since they added free shipping for small orders to South Africa, and you might not need to pay duties. Bulk orders you still need to pay for shipping, so that is additional cost for resellers too. The time, expenses, and possibility of losing money means its just better to refer customers to them directly.
  11. 2 points
    I own unit trusts only in the form of pension and RAs. RA - Allan Gray Balanced Fund Pension - 10X Kicked Stanlib to the curb but it had more to do with getting away from my financial advisors hold on it. Didn't understand their pricing at all. Very happy with what I have currently
  12. 2 points
  13. 2 points
    Just thought I would put this out there....I have a Telegram chat channel where we talk about bitcoin mostly, as well as other cryptocurrencies. If you want to ask a specific question, or would like to just chat casually about bitcoin / crypto with other people in South Africa, check it out. The channel is informal, and it is not a trading signals channel or anything really technical. Its mainly for casual chat about crypto. If you are on telegram, come and visit! https://t.me/bitcoinzarchat
  14. 2 points
    So regarding the new NewFunds Volatility Managed ETFs (I might be a bit late to the party): NFEDEF - Defensive http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedDefensiveEquityETF/Pages/default.aspx NFEMOD - Moderate Equity http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedModerateEquityETF/Pages/default.aspx NFEHGE - High Growth Equity http://etfcib.absa.co.za/products/Exchange Traded Funds/equity/VolatilityManagedHighGrowthEquityETF/Pages/default.aspx Sounds "cool" but looking at the annualised returns over 5 years (NFEDEF: 5.1%, NFEMOD: 6.8%, NFEHGE: 6.2%) I have to ask myself why I wouldn't play it save with a 32 day account at 6.95% or any of the various other guaranteed return vehicles offering better returns ?
  15. 2 points
    For a while now I've been asking the question: "What percentage of my TFIA ETFs should be in 'foreign' indices?" Some people will immediately say "Put everything in foreign indices - the Rand is going to collapse or South Africa is going to be downgraded to junk" etc. And yet, the experts will typically tell you to put only 30% to 40% in foreign ETFs and the rest in local indices. So I've done a ton of study to find out why and the results surprised me - so much so that I have now changed the desired weightings of my TFIA ETF portfolio to allocate a greater percentage to local ETFs. Here's the thing. On the one hand, the Rand depreciates on average by 4% per year against the Dollar, and has pretty much done so since the time of Adam and Eve. Therefore, by buying ETFs of foreign indices, you are 'guaranteed' a 4% gain on your investment due to the weakening Rand. Now, on the other hand, let's look at foreign growth and interest on bonds, for example, where a 3% above-inflation is considered a good investment. Let's take England as an example. With its inflation close to 0%, a 3% return on an English investment would be considered "good." So if you had invested in an "England ETF, you would, by way of illustration, get your 0% inflation plus 3% return plus your 4% due to Rand depreciation, a total return of 7%. However, locally, it is South Africa's high inflation that makes it ideal for investment, which at first may seem counter-intuitive. Interest-bearing investments such as bonds and preference shares may also typically return inflation plus 3% - so with our 6% inflation, that gives a total return of 9%. And the JSE does much better than just inflation plus 3%! The other countries (outside of emerging markets) just don't have our inflation and therefore don't have the growth that the JSE index does. This is also why emerging markets are expected to give higher returns than developed markets in the long term. Secondly, putting more than say 40% in foreign indices means you are no longer diversified in the sense that if the Rands strengthens significantly, your portfolio collapses (and historically, it is highly unlikely to average a drop of more than 4% per year). On the other hand, the JSE index is not affected by the Rand in the same way, so whether the Rand drops or climbs, you're still guaranteed your above inflation growth on your local index ETFs. So betting too much on foreign indices is, in essence, going for a higher risk, but with lower returns, the exact opposite of what we should be doing. Of the academic studies I've read, most put the optimal risk-to-reward ratio for investing at 60% local and 40% foreign ETFs, and often support this with models. But now I finally understand why my previous 50% : 50% local : foreign split was considered high risk.
  16. 2 points
    The JSE and Msci Emerging markets index are highly correlated and emerging market index outperformed local equities the last 5 years. I would change the local exposure to STXEMG only. Less risk for similar performance and no "if" the local market bounces back scenarios...
  17. 2 points
    In light of the above, I have changed my target TFIA ETF ratios to be 60% local and 40% foreign indices and my new target TFIA portfolio looks as follows: LOCAL (60%): Local equities: CTOP50: 10% DIVTRX: 10% NFEMOM: 10% STXQUA: 10% Local property: PTXTEN: 20% FOREIGN (40%): Foreign equities: ASHGEQ: 7.5% GLODIV: 7.5% STXEMG: 7.5% SYG4IR: 7.5% Foreign property: GLPROP: 10%
  18. 2 points
    Opened mine on the 19th of November and moved my R1,500 to a Goal Save account. Started at 6% interest and then moved to 7%. Waiting for the 19th of this month and then I should be on 9%. Not sure what happens when I deposit more money into that account (if the interest rate resets, carries on at 9% or if there is some other mechanism keeping track of deposits and their respective interest rates). Do I trust them with my money? Well... I guess. Not planning to put to large a percentage of my money there but 9-10% interest beats almost everything out there. It even makes you wonder if it is worth buying Solar panels via FedGroup
  19. 2 points
    I'll monitor the thread just in case you open a JHB North branch
  20. 2 points
    Following below is a selection of stocks that various industry professionals have picked to be their shares to buy for 2018. Please note this post in no ways endorses their selection of JSE stocks to invest in, but that is to be seen as an informative post for you to use in your own research. Mr Price - (JSE:MRP) Sasol - (JSE:SOL) Life Healthcare - (JSE:LHC) Shoprite Holdings - (JSE:SHP) Telkom - (JSE:TKG) Woolworths - (JSE:WHL) British American Tobacco - (JSE:BTI) Wescoal - (JSE:WSL) Aspen Pharmacare - (JSE:APN) Distell - (JSE:DGH) City Lodge - (JSE:CLH) Coronation - (JSE:CML) Sources: https://businesstech.co.za/news/finance/291986/8-long-term-stock-picks-for-2019-and-beyond/ https://www.fin24.com/Finweek/Investment/five-shares-for-2019-20181218 http://www.702.co.za/features/1/money/articles/49/buy-these-three-stocks-if-you-love-large-dividends https://www.businessinsider.co.za/this-is-the-best-place-to-invest-r10000-now-experts-say-2018-5 https://www.moneyweb.co.za/moneyweb-radio/stocks-to-watch-in-2019/ https://www.businesslive.co.za/bd/markets/2018-12-13-watch-stock-picks--sasol-and-jse-all-share-index/ http://www.capetalk.co.za/podcasts/201/the-best-of-the-money-show/172007/3-best-jse-shares-to-buy-at-the-start-of-2019 I want to add the Platinum Wealth Community picks as well. So suggest stocks that you believe will do great in 2018 and I will add them below. (I am adding L4L) Long4Life - (JSE:l4l) Discovery - (JSE:DSY) Dis-Chem - (JSE:DCP) KAP - (JSE:KAP) ... Type the name of the share followed by down vote and it will be removed from the community list.
  21. 2 points
    Assuming you mean this: https://www.bloomberg.com/markets/watchlist There is a pie diagram at the top. You can click on it (the center or outer segments) to either drill down or up one level. Below it you'll see a couple of tabs defaulted to "Summary". If you click on the "Edit" one you can add a new lot with the date and price (in cents).
  22. 2 points
    Here's an excellent series of reviews on each of the property ETFs if you want some bedtime reading: Property ETF Series Part 1: CoreShares Proptrax SAPY Property ETF Series Part 2: CoreShares Proptrax Ten Property ETF Series Part 3: CoreShares S&P Global Property Property ETF Series Part 4: Satrix Property Property ETF Series Part 5: STANLIB SA Property ETF Property ETF Series Part 6: Sygnia Itrix Global Property ETF Note though that the long-term historic yields are not really applicable at the moment since the current yields have more than doubled in recent times, making property ETFs extremely attractive at the moment.
  23. 2 points
    Global property returns are always significantly less than local property returns (see table below). Since property ETFs are supposed to primarily produce income, I'd automatically remove GLPROP and SYGP from the list (these two I'd add if you specifically want diversification in the global section of your portfolio, but as an income earner main property ETF, the returns on these two aren't great compared to local property, even taking into account the average annual 4% Rand depreciation. ie. even with the 4% annual drop in the Rand taken into account, these indices consistently perform at roughly 3% lower than local property ETFs. I personally don't like PTXSPY and STPROP because these are uncapped and are heavily weighted in favour of three companies - they each have 50% of the total ETF in just Growthpoint, Redefine and Nepi Rockcastle. That being said, PTXSPY was the best performer of the six for the past year in terms of yield, but was the worst performer in terms of growth, due to the higher weighting of the big three. STXPRO and PTXTEN are both capped at 10% in any one company, which is a major plus in my opinion. The difference between STXPRO and PTXTEN is that PTXTEN is made up of the top 10 companies, each making up 10% of the ETF (equally weighted). On the other hand, STXPRO is made up of 15 companies at the moment, weighted by market capitalization, with a maximum of 10% in any one company. The difference in performance in earnings yield from PTXTEN is roughly 2% higher than from STXPRO. For the past year, the distribution yield from PTXTEN was 8.57%, whereas from STXPRO, it was 6.45%. This extra 2% makes a huge difference, and more than offsets the higher TER. The current income yields for the six you mentioned are as follows: PTXSPY: 9.00% PTXTEN: 8.57% STPROP: 8.45% STXPRO: 6.45% GLPROP: 2.76% SYGP: 1.99% The growth from the four is pretty similar (graph below), so I'd say you should choose using yields and risk as the criteria for your choice. In respect of yields, PTXSPY, PTXTEN and STPROP are pretty similar, with PTXSPY taking a slight lead. However, PTXTEN is less risky, being capped at 10% in any one company, whereas in the other two, you're the the mercy of the big three. For me, risk management is more important than the tiny extra percentage from PTXSPY, so my personal choice is PTXTEN. But in all fairness, all four of the local ETFs are pretty great and boils down to personal preference - performance vs appetite for risk.
  24. 2 points
    So, this is what I'm going to do in 2019: My Tax free investment portfolio for 2019: I'm going to continue to add R2750 monthly to my TFIA. I currently have the following portfolio, and will continue in the same proportions: Local ETFs (50%): CTOP50 15% DIVTRX 10% PTXTEN 15% STXQUA 10% Global ETFs (50%): ASHGEQ 10% GLODIV 10% GLPROP 10% STXEMG 10% SYG4IR 10% My stocks for 2019: All extra monthly money above my TFIA, I usually put into stocks. I will continue doing so in the following stocks: CML (Coronation) 14.3% CPI (Capitec) 14.3% DCP (Dis-Chem) 14.3% DSY (Discovery) 14.3% L4L (Long for Life) 14.3% MRP (Mr. Price) 14.3% SHP (Shoprite) 14.3%
  25. 2 points
    Only new deposits from outside the account to inside the account contribute towards the limit. Anything that happens within the account doesn't count towards the 33K limit. This means you can reinvest dividends, buy and sell ETFs as you wish within the account - change back and forth between Cash and ETFs etc, as long as you don't withdraw them from the account. None of these affect the limit. So basically, it's only brand new deposits into the account from outside the account that contribute to the limit.
  26. 2 points
    Yes, I see it closed at 20c but really its going to be up and down for a couple weeks with people frantically selling and then others buying... interested to see how it fairs in Q1 2019.
  27. 2 points
    R1mil for Larry Nestadt is pocket change he pays the parking attendant. He is probably neck deep in BLT since pre-listing
  28. 2 points
    All the other banks breathed a sigh of relief. Apparently whites hold all the money in SA and after that I'm sure most won't rush to open an account. Funny thing though: there is white outrage (and f*cking rightly so) on Twitter but I do not see blacks taking joy in it or slamming the whites for being "racist" etc. Anyway, I just finished moving my life insurance to them not too long ago but in the past I've felt like moving my medical aid away from them. Won't do any knee jerk reaction but the case for exploring alternatives is much stronger than before where Discovery was seen as the defacto standard. Deep inside me I feel "filthy" knowing I'm helping to fund a company with racist policies - whether those policies come from a place of them trying to do something good or just a political cheapshot (bets on getting more black customers and get the whites anyway despite their outrage).
  29. 2 points
    I have it on VERY good authority that Bidorbuy's link will be: http://bidorbuy.co.za/dotw/11411/BlackFriday
  30. 2 points
    PEM 201811050039A Results of the Annual General Meeting ("AGM") and Change to the Board PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“PL Group” or “the Company”) ISIN Code: ZAE000222949 JSE Code: PEM RESULTS OF ANNUAL GENERAL MEETING (“AGM”) AND CHANGE TO THE BOARD Shareholders are advised that the Company’s AGM was held on Thursday, 1 November 2018. Details of the results of voting were as follows: Total number of shares in issue at the date of the AGM: 400 587 500 Total number of shares represented at the AGM: 294 644 821 Total percentage of shares represented at the AGM: 73.55% The resolutions proposed at the AGM, together with the percentage of votes carried for and against each resolution, are set out below: Number of votes For Against Abstain Total Votes % % (% of issued (excluding share capital) abstentions) Ordinary Resolution Number 1 – 294 171 991 73 830 399 000 294 245 821 Presentation and acceptance of 99.97% 0.03% 0.10% 73.45% annual financial statements Ordinary Resolution Number 2 – 176 163 840 118 097 981 383 000 294 261 821 Director appointment – NZ Mthembu 59.87% 40.13% 0.10% 73.46% Ordinary Resolution Number 3 – 76 166 840 218 094 981 383 000 294 261 821 Director retirement and re-election – 25.88% 74.12% 0.10% 73.46% B Moyo Ordinary Resolution Number 4 – 233 862 537 60 399 284 383 000 294 261 821 Director retirement and re-election – 79.47% 20.53% 0.10% 73.46% GN Waters Ordinary Resolution Number 5 – 293 646 369 607 452 391 000 294 253 821 Re-appointment and remuneration of 99.79% 0.21% 0.10% 73.46% Auditors Ordinary Resolution Number 6 – 75 966 840 218 294 981 383 000 294 261 821 Appointment of Audit and Risk 25.82% 74.18% 0.10% 73.46% Committee member – B Moyo Ordinary Resolution Number 7 – 235 767 037 630 452 58 247 332 236 397 489 Appointment of Audit and Risk 99.73% 0.27% 14.54% 59.01% Committee member – C Hechter Ordinary Resolution Number 8 – 293 619 369 642 452 383 000 294 261 821 Appointment of Audit and Risk 99.78% 0.22% 0.10% 73.46% Committee member – L Brits Ordinary Resolution Number 9 – 235 880 789 545 700 58 218 332 236 426 489 Endorsement of Pembury’s 99.77% 0.23% 14.53% 59.02% Remuneration Policy Ordinary resolution Number 10 - 235 780 789 645 700 58 218 332 236 426 489 Endorsement of the implementation of 99.73% 0.27% 14.53% 59.02% Pembury’s Remuneration Policy Special Resolution Number 1 – 293 487 243 830 578 327 000 294 317 821 General authority to allot and issue 99.72% 0.28% 0.08% 73.47% shares for cash Special Resolution Number 2 – 235 434 289 58 883 532 327 000 294 317 821 Authority to issue shares or rights that 79.99% 20.01% 0.08% 73.47% may exceed 30% of voting power Special Resolution Number 3 – 248 928 292 45 397 529 319 000 294 325 821 Ratification of non-executive director’s 84.58% 15.42% 0.08% 73.47% remuneration – NZ Mthembu Special Resolution Number 4 – 293 612 121 711 700 321 000 294 323 821 Non-Executive directors’ remuneration 99.76% 0.24% 0.08% 73.47% Special Resolution Number 5 – 293 780 243 491 578 373 000 294 271 821 Financial assistance in terms of Section 99.83% 0.17% 0.09% 73.46% 44 of the Companies Act Special Resolution Number 6 – 293 780 243 491 578 373 000 294 271 821 Financial assistance in terms of Section 99.83% 0.17% 0.09% 73.46% 45 of the Companies Act Special Resolution Number 7 – 236 077 659 58 221 162 346 000 294 298 821 Ratification of repurchase of shares 80.22% 19.78% 0.09% 73.47% Special Resolution Number 9 – 235 248 807 57 897 162 1 498 852 293 145 969 General authority to acquire 80.25% 19.75% 0.37% 73.18% (repurchase) shares Shareholders are advised that special resolution number 8 was not proposed. Shareholders are further advised that ordinary resolution numbers 3 and 6 were not approved and accordingly Mr Moyo retires from the Board and as a member of the Audit and Risk Committee. This retirement will result in a vacancy on the Audit and Risk Committee. The Board will commence with the process of identifying candidates to fill this vacancy in order to ensure the correct composition of this Committee. By order of the board Johannesburg 5 November 2018 Designated Advisor Arbor Capital Sponsors Date: 05/11/2018 01:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
  31. 2 points
    Service/Product Description: Freepaid’s API provides seamless, real time access to a wide range of pinned and pinless prepaid products at our transparent, competitive prices. This state-of-the-art programming interface does all the heavy lifting for you. It puts the programming power into your hands, freeing you to put your energy into your own development. You can order PINLESS airtime (direct recharge) or data through this API or you can order a PINNED airtime voucher which is sent to you in the form of a PIN number. Location: 301 Building Three, Tygervalley Chambers, Willie Van Schoor Drive, Bellville, Western Cape About us: Freepaid has been providing state-of-the-art Airtime solutions to innovative South African businesses, large and small, since 2007. Links (optional): Our API https://freepaid.co.za/airtime-api.php
  32. 2 points
    TymeCoach lets you see your credit score for free.
  33. 2 points
    Weakening economic conditions, increased debt repayment burden, rising consumer inflation and stricter lending criteria have seen 100% bonds, especially to first-time buyers, become much harder to get, but it has also placed many potential buyers firmly between a rock and a hard place. “Not only do banks require bigger deposits than before, it has also become more difficult to put money aside in today’s economic climate, as growing financial pressure is forcing consumers to tighten belts even further just to make ends meet,” says JP van der Bergh, founder of Propscan. "However, a sizeable deposit has several significant benefits in addition to increasing your chance of bond approval - it also gives you a jumpstart on the financial process, makes your offer more appealing to sellers as it bumps up the chance of bond approval, naturally decreases your monthly bond repayments, and saves you a considerable amount in interest over the long term.” Kay Geldenhuys from ooba, national mortgage originator, illustrates how a deposit can reduce the overall and monthly costs of buying property: “A home buyer who purchases a house for R1 million with no deposit at a 10.25% interest rate will pay approximately R9 816 per month over 20 years. At the end of the home loan term, the total amount repaid will be R2 355 944. “On the other hand, with a R100 000 deposit, the monthly repayments will be approximately R8 835, and the total repayment will be around R2 120 350. Add the deposit to this and the total comes to R2 220 350 - making the total repayments some R135 594 cheaper than buying without a deposit.” She says it also stands to reason that the smaller the risk for the bank, the more negotiable they will be on the interest rate charged. “Right from the beginning of the home-buying process, it is important to ensure that you know what you can afford to buy and how much deposit you will need,” says Van der Bergh. “Once you have established how much you need to save, the next step is to figure out how to do so as quickly as possible, and in order to do so, you must analyse your spending habits. On a spreadsheet, list all your fixed monthly expenses including existing debts you are currently servicing and make a note of all other regular expenses like the daily cappuccino at the café near work. “Next, go through it with a fine-tooth comb to see where you can cut down on monthly expenditure and determine how much you can realistically afford to save, and then shop around for a high-interest savings or money market account in which to save your money.” Sandy Geffen, Executive Director of Lew Geffen Sotheby’s International Realty in South Africa, says saving a substantial amount of money may seem like a daunting task, but don’t be discouraged. “At first glance, the cutbacks you are able to make may seem to be small amounts, but you will be surprised at how quickly they can add up to a sizeable sum, and you could own your first home sooner than you think,” says Geffen. She offers the following creative tips for saving towards your deposit: 1. Stop smoking. This could add at least R1 000 a month to your deposit fund. 2. Instead of buying takeaways every day, rather spend the extra 10 minutes packing lunch in the morning as it will end up saving you more than pennies at the end of the day, and it’s far healthier. 3. Ask for an insurance re-evaluation because while your insurance premiums probably go up every year, the value of a lot of insured items actually goes down as they age. 4. Cut back on credit and try to pay off and close store cards, especially if you find temptation hard to resist. Remember that when you do eventually apply for a loan, the bank will ask for an income and expenditure statement to prove that you will have sufficient surplus income for the home loan instalment once all household and contractual debt expenses have been met. 5. Before you run out to buy a new seasonal wardrobe, spring clean your closet and unearth the older items of good quality that can be reinvented with accessories or by mixing and matching; 6. If you can’t remember what the inside of your gym looks like and can’t motivate yourself to go, cancel that gym contract and find ways to exercise for free. It might help you to start exercising more regularly, especially now that summer is here. 7. Consider scaling down on your car if a large portion of your monthly income is going towards paying off a car loan; 8. Always go grocery shopping with a list and stick to it - and never go on an empty stomach. Also try and stick to food stores and avoid the hypermarkets where you might be tempted to buy other things you don’t need. Geldenhuys cautions that this savings mindset should not be abandoned once the goal has been met. “Many people throw caution to the wind and shop around for a home that costs the maximum amount the bank has approved, however, given current economic conditions, buyers should rather consider buying for a little less,” says Geldenhuys. “The extra cash can be used to pay off the bond more quickly or saved as a rainy-day fund so that they are prepared for the unforeseen expenses which arise when you own property.” “It’s true that our parents had it much easier in that most were able to afford their first home long before the current average age of first-time buyers which has risen to 34, but what hasn’t changed is the investment value of owning a home,” says Van der Bergh. “It is also one of the most exciting and rewarding purchases you will ever make, so even though it may take a little longer, it’s always worth the effort.” Source: Property24
  34. 2 points
    Day 7 of the trial played out this morning in Cape Town. The effectiveness of the security at the De Zalze estate still receiving a lot of fire from the defence. It was an exceptionally long day in court so bear with me as I try and recap it for you as accurately as possible. The day started with witness number 80 on the list. Marcia Rossouw, security manager at De Zalze. She took over as manager in 2014 and made several improvements whilst working there, such as upgrading the electric fence. She says the additional cameras that were installed was not as a result of the murders. At the time of the murders, there were optic cameras at all the gates and at other strategic points. There is an optic camera where the river enters the estate, there are also beams and the thermal cameras which have been discussed by Mr Afrika. There are two security routes, one that happens within the estate and one that runs along the perimeter. The report from that night shows that all the patrols happened on schedule. Rossouw said that once the system is triggered someone would need to go out and resolve the issue for it to be deactivated. The Van Breda home is in the middle of the estate with a 2-kilometre distance from where the river enters the estate to their home. The airfield gate is 1 kilometre away. Rossouw says when she heard of the incident she requested that the fence is inspected thoroughly for any entry point, and the check the system for any activations and to look at the camera reports. The four incidents that were reported was followed up on and was apparently a power drop. There were no discrepancies in any of the 18 cards that were used to enter and exit at the gates (as sometimes homeowners would lend their cards to others) Rossouw echoes all the previous security witnesses that there were no incidents or anything suspicious that night. Advocate Botha then questioned Rossouw and said that there would need to be a light on for the cameras to pick up anyone on its footage. Rossouw retorted and said that there were lights with the cameras except for the Eskom gate camera. Botha asked about the anti-dig by the fence and says that there are various areas that do not have it. Rossouw responded and said that it is still like that. Judge Desai asked if it would be possible to dig a tunnel underneath. Rossouw said that there would have been evidence of this, no footprints, damage or wires being cut. Advocate Botha said that he planned on showing the court how rocks can be used to cover up such an entry through the fence. (Whether he means under or literally through, I am not certain) There is a report that points out various errors in security, especially with the cameras. Spotlights and a security guard were recommended for the fence around where the river enters the estate. Rossouw says that these were not in place in 2015, only an optic camera. Botha then said that one point while he was visiting the estate there was an unmarked vehicle with a member of the press taking pictures of the home. They had gained entry under the pretence of going to the Klein Zalze restaurant. The bridge from Klein Zalze to the estate did not have access control. Botha said that on the report there were more than four "alarm ons" and whether Rossouw had seen this. She said she had. At 1:08 there was an alarm activated. Rossouw says fences are activated when they get tested, these get logged as such. But Rossouw also said that she did not check personally that these were indeed fence tests. The next day the alarms were said to have been a result of the power dip. There are two different alarms, one alerts the controllers and the other caused by the dip in power, and responders would not be sent out then. Botha then referred to an old attempt at entry into the estate and Rossouw said that those people did not gain entry and that the security was very quick to respond. The court is adjourned until tomorrow.
  35. 2 points
    Hi. Platinum Wealth asked me to comment on unit trusts vs ETFs. The first thing is that unit trusts can be managed actively eg. Allan Gray, or passively, eg. Sygnia Top40 Index Fund or Sygnia Skeleton Balanced 70 Fund. All ETFs are passively managed, tracking particular market indices. I will limit my comparison to passive unit trusts vs ETFs. In South Africa unit trusts are significantly more cost effective than ETFs - so a Top40 Index tracking unit trust is significantly cheaper than a Top40 Index tracking ETF. The reason is that to access a unit trusts you only have to pay the management fees and trading costs (all disclosed on fund fact sheets). That is it. If you do not use a financial advisor, that is all you pay. In fact, with Sygnia's index tracking unit trusts, if you want to invest via a retirement annuity or a tax free savings account, those charge nil administration fees. In terms of ETFs you have to pay multiple layers of fees before you can actually access an ETF. The reason is that ETFs are both unit trusts and "shares" listed on the JSE. Some of these fees are: - Stockbroking fees every time you buy or sell an ETF (you have to use a stockbroker) - JSE trading costs relating to ETFs themselves - Management fees within the ETFs - Bid/offer spreads between buy prices and sell prices (This is the most disingenuous aspect of ETFs - the price of an ETF at a point in time is subject to supply and demand by investors, like any other share. So you might be paying more for the ETF than the value of the underlying "index" shares it holds, and when you sell you might be selling for less than the "index" shares are worth. In South Africa, where liquidity is poor, the market maker normally steps in. A market maker makes his money from the bid/offer spreads. So realistically 1% to 3% spreads are common). - If you want to invest via debit order, you are normally sold an "investment plan" by a platform like etfSA or iTransact. That is another 0.70% pa fee plus R3.50 per month debit order fee. - If you want a savings product, like a retirement annuity, that costs another 0.50% pa plus. So once you have added all the costs of accessing ETFs you are paying more than you would for an actively managed unit trust. That is what the ETF providers are skirting around all the time. Since Sygnia always does things differently, we plan to launch ETFs later this year where we charge nil stockbroking and we guarantee a minimum bid/offer spread. Let's see if we can shake things up a bit. But frankly, even with best intentions, I don't think our ETFs will be as cheap as our unit trusts tracking the same market indices. The final comment is that ETFs are asset class specific e.g. equities, bonds. Sygnia Skeleton Funds on the other hand mix asset classes together in sensible proportions for different risk profiles. So by holding one index tracking investment you get exposure to both domestic and International equities and bonds. Hope this helps. If you have any questions, I will answer them. Magda Wierzycka CEO Sygnia
  36. 1 point
    I see Google finance had a rewamp and now functions as a mobile app. I only saw this now so I'll be playing with it a bit and add my actual stocks to you. Can be really useful to get a quick glance at your portfolio, watchlist and the market as whole. It has relevant news articles in a feed as well.
  37. 1 point
    Jumia to list on the NYSE, aiming to become Africa’s first tech unicorn. Active in 14 countries 4 million active users 81.000 active sellers 13.4m deliveries per year €130.6m revenue in 2018 €862m consolidated loss since inception Source: Techcrunch MTN owns a share of Jumia
  38. 1 point
    Do we know when they are launching? I am really interested to see what they can offer to match or beat Tyme.
  39. 1 point
  40. 1 point
    I hold Naspers and see the following upside If the ecommerce takes off they will make big bucks but this is a big risk. Will get shares in Multichoice I see this as an African play as the SA market is shrinking with all the competition. They are taking a big bet on fast food delivery. The downside is the value is all in Ten cent and with 30%+ are they able to extract value from that?
  41. 1 point
    I like L4L, i just don't have them in my portfolio, very tempting at current levels. The share didn't react positively to the RAGE acquisition news , comments like "Joffe overpaid for Rage" came out of some market commentators mouths. Only time will tell whether he did or didn't.
  42. 1 point
    I'm with SA Home Loans. Paying 10.1% at the moment. I tried ABSA and Standard Bank (my own bank) but neither were interested in giving me a home loan since my wife has her own business and is not salaried. FNB refused as well saying they only do home loans for clients. Nedbank and SA Home Loans made me an offer but SA Home loans had the better interest rate, so I went with them.
  43. 1 point
    I've just had a look how my ETFs fared during the market crash of the past two weeks. We have been on an extended bull run for quite some time now and this sudden volatility and crash has made me re-assess my portfolio, as I now have some evidence of what happens in down market as well as an up market. My ETF portfolio from best to worst performance: Satrix Quality SA Port (STXQUA) + 2.11 % CORESHARESTOP50 (CTOP50) - 4.05 % Satrix MSCI EMG Markets (STXEMG) - 4.12 % Ashburton Gbl 1200Eq (ASHGEQ) - 6.43 % Satrix INDI Portfolio (STXIND) - 8.57 % CoreShares Global Prop (GLPROP) - 10.63 % Sygnia Itrix 4Ind Rev Gb (SYG4IR) - 11.84 % My thoughts on the results: STXQUA was the top performer in the crashing market and the only one that stayed green. Although this is not strictly a high dividend ETF, dividend yield are used to determine the quality of the companies in the ETF, so it's kind of a hybrid. But the performance in this rout has confirmed the theory of the importance of a high dividend yield ETF as part of a balanced portfolio as a bear-market hedge and convinced me it is a crucial part in my TFIA portfolio. I shall therefore be adding STXDIV as well over the next few months. Globally, emerging markets performed better than developed markets, even in the crash. Its ability to outperform developed markets in both bull and bear markets has convinced me that I was wise to have equal holdings in both ASHGEQ and STXEMG. I'll carry on buying these two in equal proportions. STXIND: Just as Bandit has always warned about Market Cap distribution, a 16% drop in Naspers has totally hammered this ETF, which is comprised of roughly 40% Naspers. This is a perfect example of the dangers of both market-cap-distributed and industry-specific ETFs. That being said, it has been the top performer over 10 years, so I won't sell it, but I think I'll keep it capped at 10% of my portfolio. SYG4IR: Yeah, yeah, what can I say? I knew this would be a gamble, and so far my pile of chips is way down. Should I sell out or go all-in? The trouble with this one is that I think the rewards will be seen in the very far distant future (maybe 10 years), so it's a massive risk to keep buying this one for 10 years. If I'm wrong, I've wasted 10% of my TFIA, but if I'm right, my pile of chips will become mountains of chips. Tough call...
  44. 1 point
    Sort version which might help. 1) Transfer money from your bank account to your Luno account, use reference supplied by Luno , they also offer 5 different banks for convenience, but transfers can still take up to 2 business days. 2) Convert your ZAR into Bitcoin via their easy to use interface on Luno 3) Install Jaxx Wallet, be sure to also install the Ethereum wallet if it's not installed by default ( plenty other wallets (coins) that can be installed later on Jaxx as well) 4) Now in Jaxx you should have a BTC (bitcoin) address as well as an ETH (ethereum) address, copy the BTC address for your Luno transfer 5) Back to Luno, lets start your BTC transfer by entering your BTC address you copied from Jaxx, plus all other fields required and hit ok ( or whatever ) 6) On Jaxx you need to then be in the BTC screen, click on Receive and enter the amount of BTC you just sent from Luno. 7) Wait for the transfer to clear from Luno to Jaxx, this can take 10 minutes to a few hours. 8) Once the BTC shows in Jaxx, we can now shapeshift it into ETH by going to the BTC screen again and clicking on the shapeshift icon BTC to ETH shapeshift can also take a few minutes or couple hours depending on the BTC Mining Fee you select in Jaxx under Settings , slow,normal or fast. Think that's about it? I only have Jaxx installed on my phone, so doing a proper guide is going to be a a mission and a half.
  45. 1 point
    Day 25 was, I am sure, a very compelling day in court. Not so much by words but visually. The 30-minute video Hitchcock took of the scene that greeted him that morning at 12 Goske Street was played in court. Advocate Botha objected to the video being played by the State as he said evidence had been tampered with between the time the video was taken and the photographs were taken, as well as the gruesome nature of the video, showing close-ups of the dead bodies of Martin, Rudi and Teresa. Judge Desai overruled the objection but he did clear the public gallery. The media was allowed to view the footage but were warned that they may not be graphic in their reporting. Henri had moved to another bench so as not to view the footage of his previous home on that morning. Hitchcock’s recording showed bloody footprints and blood spatters in the entrance hall. The lounge seemed to look normal, with everyday things standing and lying around. Magazines and a laptop on tables, a handbag and a monopoly board. It all seems so normal until you remember what had happened. In the kitchen there were cigarettes and a lighter, a cordless phone and a cellphone were lying on the counter. Kitchen drawers were slightly open. Cigarette butts lay on the floor, seemingly burnt out on their own. A drop of blood was noted on the doorway leading to the pantry. The back door stood open, and items on a washing line could be seen. A perimeter inspection showed numerous first floor and second-floor windows open. Two blood droplets were shown on the boundary wall near the gate where the key was still in the keyhole. Back inside, Hitchcock moves toward the tiled stairs. There is blood spatter at the foot of the stairs next to a pair of shoes. As he continues up the stairs blood spatter is seen everywhere but the top few steps were completely covered in blood. At the top of the staircase, next to a bookshelf, Teresa lies on her stomach in a pool of blood, wearing a vest and underwear. Moving on to Henri and Rudi’s room, Martin’s body is collapsed over the bed closest to the door. The wall above the headboard is covered with blood spatters, as is the gray duvet and pillow on the bed that he lies on. At the end of the second bed, Rudi is seen on the floor with his feet towards the en-suite bathroom. In the en-suite bathroom, Hitchcock has footage of the faeces in the toilet. Henri said in his plea explanation he had been busy passing his bowels when he heard the noises in the bedroom. There is footage of all the valuables still in the house. Various laptops and cellphones were left as they are. A variety of footprints were marked, but Botha pointed out that there were much more. Hitchcock said only those that were thought relevant were taken (38 pairs) Shoe print expert Captain Danie van der Westhuizen is next on the stand.
  46. 1 point
    Luno is good for trading. The wallet is good, but...in general its not good to store you bitcoin in a bitcoin exchange. The wallet they provide links to your account in the exchange, and you dont get the private keys, so while it is pretty secure...I personally store my bitcoin off their exchange and wallet.
  47. 1 point
    I did some digging and compared the banking fees of the 5 major South African banks. Feel free to discuss the different bank accounts and make suggestions if you want me to dig deeper at additional information you want to view. Keep in mind that the banks especially FNB has some of the most ridiculous UI and navigation getting to the fees and caveats of each account takes like 5 clicks viewing pages upon pages. I added additional links for each account that goes to the full breakdown of each account. There are a lot of hidden charges so please use the links posted with each bank account to investigate further. Below follows the different bank accounts from Capitec, FNB, Standard Bank, ABSA, and Nedbank and their associated fees: FNB Bank Account Fees: FNB Easy Account - R4.95 per month https://www.fnb.co.za/downloads/pricing-guide/products/Easy_Account_Pricing_Guide_2016-17.pdf FNB Gold cheque account - R100 per month https://www.fnb.co.za/downloads/pricing-guide/products/FNB_PricingGuide_GoldChequeAndCC.pdf FNB Premier Cheque Account - R199 per month https://www.fnb.co.za/downloads/pricing-guide/products/FNB_PricingGuide_PremierChequeAndCC.pdf FNB Private Clients Cheque Account - R285 per month https://www.fnb.co.za/downloads/pricing-guide/Private-Clients-Pricing-guide.pdf FNB Private Wealth Cheque Account - R419.00 per month https://www.fnb.co.za/downloads/pricing-guide/Private-Wealth-Pricing-guide.pdf For Seniors: FNB Encore Gold Cheque Account - R65 per month https://www.fnb.co.za/downloads/pricing-guide/products/FNB_PricingGuide_EncoreGoldAccount.pdf FNB Premier Select for retirees - As a retiree you could pay no monthly cheque account fees if you keep a minimum of R15 000 in any Savings and Cash Investment account and R10 000 in a Premier Select Cheque Account. Plus you can save on your monthly credit card fees and we will match your credit card interest rate. ABSA Bank Account Fees: ABSA Gold Account - R98 per month Minimum income of R10 000 per month https://www.absa.co.za/personal/bank/an-account/gold-account/ ABSA Platinum Account - R159 per month Minimum income of R25 000 per month. https://www.absa.co.za/personal/bank/an-account/platinum-account/ ABSA Islamic Flexi Value Bundle - R55 per month Minimum income between R3 000 and R9 999 per month https://www.absa.co.za/personal/bank/islamic-banking/islamic-flexi-value-bundle/ ABSA Islamic Gold Value Bundle - R98 per month Minimum income of R10 000 per month https://www.absa.co.za/personal/bank/islamic-banking/islamic-gold-value-bundle/ ABSA Islamic Platinum Value Bundle - R149 per month Minimum income of R25 000 per month https://www.absa.co.za/personal/bank/islamic-banking/islamic-platinum-value-bundle/ ABSA Islamic Youth account - Free Younger than 19 years of age An annual profit share calculated at Absa’s financial year-end (31 December) and paid into your account on 25 January of the following year https://www.absa.co.za/personal/bank/islamic-banking/islamic-youth-account/ ABSA Private Banking Account (Exceller Package) - R399 per month Minimum income of R62 500 per month. https://www.absa.co.za/private-banking/exceller-package/ ABSA Private Banking Account (Marhaba Package) - R335 per month Minimum income of R62 500 per month. https://www.absa.co.za/private-banking/marhaba-package/ ABSA MegaU Account - Free Younger than 19 years of age https://www.absa.co.za/personal/bank/youth-student-banking/megau-account/ ABSA Student Silver - R22.50 per month 18 - 27 years old and must be a full-time student studying towards an undergraduate or postgraduate degree or qualification of one year or more. https://www.absa.co.za/personal/bank/youth-student-banking/student-account/ ABSA Islamic Youth - Free Younger than 19 years of age https://www.absa.co.za/personal/bank/islamic-banking/islamic-youth-account/ ABSA Transact Account - R4.95 per month Unemployed or earn less than R2 000 per month https://www.absa.co.za/personal/bank/an-account/transact-account/ ABSA Flexi Account - R16 per month Minimum income of R2 000 per month https://www.absa.co.za/personal/bank/an-account/flexi-account/ ABSA Flexi Bundle - R55 per month Minimum income of R3 000 per month https://www.absa.co.za/personal/bank/an-account/flexi-value-bundle-account/ For Seniors: Absa Prosperity Account - R42 per month 55 years or older https://www.absa.co.za/personal/bank/an-account/prosperity-cheque-account/ Additional ABSA banking fees and ABSA transaction fees: https://www.absa.co.za/content/dam/south-africa/absa/pdf/pricing-brochure/2017-privatebank-pricing.pdf https://www.absa.co.za/content/dam/south-africa/absa/pdf/pricing-brochure/2017-pricing.pdf Standard Bank Banking Fees: Standard Bank Access Account - R4.99 per month You are 16 years of age or older http://www.standardbank.co.za/standardbank/Personal/Banking/Current-accounts/Access-Account http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/AccessAccount_Pricing.pdf Standard Bank Elite Banking - R100 per month Minimum gross monthly income of R 5 000 http://www.standardbank.co.za/standardbank/Personal/Banking/Current-accounts/Elite-Banking http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Elite_Banking_Pricing.pdf Standard Bank Prestige Banking - R190 per month Minimum gross monthly income of R 25 000 or more http://www.standardbank.co.za/standardbank/Personal/Banking/Current-accounts/Prestige-Banking http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Prestige_Banking_Pricing.pdf Standard Bank Private Banking - R325 per month Minimum gross monthly income of R 58 000 or more or have net investible assets of R 3m or more http://www.standardbank.co.za/standardbank/Personal/Banking/Current-accounts/Private-Banking http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Private_Banking_Pricing.pdf Standard Bank Private Banking Signature - R425 per month Earn R 92 000 or more per month (R 1.1 million or more per annum). http://www.standardbank.co.za/standardbank/Personal/Banking/Current-accounts/Private-Banking-Signature http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Private_Banking_Signature_Pricing.pdf Standard Bank (sum)1 Account - Free Designed for children and young achievers under 16, (sum)1 is a safe, easy and educational introduction to banking. Open a (sum)1 account for your child to unlock the Kidz Banking app experience. http://www.standardbank.co.za/standardbank/Personal/Banking/Current-accounts/(sum)1 http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Sum1_Pricing.pdf Standard Bank Student Achiever Account - R4.99 per month Between 16 and 23 years of age http://www.standardbank.co.za/standardbank/Personal/Banking/Current-accounts/Student-Achiever http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Student_Achiever_Pricing.pdf Standard Bank Professional Banking Account - R199 per month Between 18 and 30 years of age http://www.standardbank.co.za/standardbank/Personal/Banking/Current-accounts/Professional-Banking http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Professional_Banking_Pricing.pdf For Seniors: Standard Bank Consolidator Current Account - R45 per month You are over 55 years old AND You have a gross monthly income of R 8 000 or more http://www.standardbank.co.za/standardbank/Personal/Banking/Current-accounts/Consolidator-Current-Account http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Consolidator_Pricing.pdf Credit Cards: Standard Bank Platinum Credit Card - R65 per month Earn a monthly income of R 58 000 or more https://www.standardbank.co.za/standardbank/Personal/Banking/Credit-cards/Card-types/Platinum-credit-card http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Credit_Card_Pricing.pdf Standard Bank Titanium Credit Card - R55 per month Earn a monthly income of R 25 000 or more https://www.standardbank.co.za/standardbank/Personal/Banking/Credit-cards/Card-types/Titanium-credit-card http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Credit_Card_Pricing.pdf Standard Bank World Citizen Credit Card - R225 per month Earn a monthly income of R 25 000 or more https://www.standardbank.co.za/standardbank/Personal/Banking/Credit-cards/Card-types/World-Citizen-Credit-Card http://www.standardbank.co.za/standimg//South%20Africa/PDF/Pricing%202017/Credit_Card_Pricing.pdf Standard Bank Gold Credit Card - R45 per month Earn a monthly income of R 5 000 or more https://www.standardbank.co.za/standardbank/Personal/Banking/Credit-cards/Card-types/Gold-credit-card http://www.standardbank.co.za/standimg/South%20Africa/PDF/Pricing%202017/Credit_Card_Pricing.pdf Nedbank Banking Fees: Nedbank Pay-as-you-use Account - R5 per month Individuals over the age of 16 years. https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/bank/accounts/Pa-as-you-use.html http://fees.nedbank.co.za/nedbank/applications/nedbank/sections/pricing-guide-2017/templates/pdf/NedbankPAYUCharges2017.pdf Nedbank Savvy Bundle Account - R180 per month Minimum income of R3 000 per month https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/bank/accounts/savvy-bundle.html http://fees.nedbank.co.za/nedbank/applications/nedbank/sections/pricing-guide-2017/templates/pdf/NedbankSavvyBundleCharges2017.pdf Nedbank Savvy Plus Account - R100 per month Minimum income of R3 000 per month https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/bank/accounts/savvy-plus.html http://fees.nedbank.co.za/nedbank/applications/nedbank/sections/pricing-guide-2017/templates/pdf/NedbankSavvyPlusAccountCharges2017.pdf Nedbank Professional Banking - R299 per month http://fees.nedbank.co.za/pricing-guide-2017/professional-banking/professional-banking-bundle-3 http://fees.nedbank.co.za/nedbank/action/media/downloadFile?media_fileid=9357 Nedbank Professional Banking (Young Professionals) - R149 per month Under 30 years old and hold a 4 year qualification. https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/bank/professional-banking/young-professionals.html http://fees.nedbank.co.za/pricing-guide-2017/professional-banking/young-professional-banking-bundle-3 http://fees.nedbank.co.za/nedbank/action/media/downloadFile?media_fileid=9357 Nedbank Professional Banking Pay-as-you-use - R105 per month http://fees.nedbank.co.za/pricing-guide-2017/professional-banking/professional-banking-payasyouuse-2 http://fees.nedbank.co.za/nedbank/action/media/downloadFile?media_fileid=9357 Nedbank Private Wealth (Gold Package) - R84 per month Minimum income of R1,5 million per year and/or investable assets greater than R5 million (excluding primary residence). https://www.nedbankprivatewealth.co.za/south-africa/private-banking https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/bank/nedbank-private-wealth.html Nedbank Private Wealth (Pay as you use) - R105 per month Minimum income of R1,5 million per year and/or investable assets greater than R5 million (excluding primary residence). https://www.nedbankprivatewealth.co.za/south-africa/private-banking https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/bank/nedbank-private-wealth.html Nedbank Private Wealth (Platinum Package) - R363 per month Minimum income of R1,5 million per year and/or investable assets greater than R5 million (excluding primary residence). https://www.nedbankprivatewealth.co.za/south-africa/private-banking https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/bank/nedbank-private-wealth.html https://www.nedbankprivatewealth.co.za/nedbank_wealth/action/media/downloadFile?media_fileid=5204 https://www.nedbank.co.za/content/nedbank/desktop/gt/en/personal/bank/professional-banking.html http://fees.nedbank.co.za/pricing-guide-2017/everyday-banking Capitec Bank Account Fees: Capitec Bank Account (Global One) - R5.50 per month Interest 5.35% - 5.90% per year https://www.capitecbank.co.za/global-one/transact/fees
  48. 1 point
    To truly learn about bitcoin you must buy at least R1000 of it and once invested you will find yourself following its news and developments since it impacts your back pocket and you will be emotionally invested. If a once in 20 yr disruptive technology appears in your investing timeline and is doubling in value each year you might be remiss not to be involved at the very least on a junior position like R500 or R1000. I've thrown R100k into BTC over last 3yrs it's worth 3 times that now and also generating R20k pm passive income. Just as with a ten bagger share you never get to this position if you don't get into the game early enough, make the mistakes and learn the ropes. You don't have to be early just early enough. Despite heady prices BTC is still in early stages. But it suffers early stage risk just like any budding 10 bagger share. Bitcoin could blow up and go all to hell at any time so whatever you invest you must be prepared to lose. There is also lots of volatility in BTC and it's a strong candidate for trend following algorithms both of which combined can make trading it both simple and profitable. The simplest of strategies currently involves buying BTC whenever it's under $1000 and selling whenever it's above $1200 Mining is profitable but not if you import gear and mine yourself. The electricity costs dont make it worth it and having a piece of hardware that sounds like a boeing 24x7 in your house is not ideal. Cloud mining currently can yield 9% per month at current BTC of $1,200. You read right - per month. Continuation of these gains will require more BTC inflation each year, at least 40% per annum I would estimate since difficulty of mining is increasing all the time as more hashpower is added to the network. I can say this as i have imported gear and mined at least 18 months as well as been running cloud mining for 1 year. The trick is to find the 5 of 100 cloudminers that are not scams or ponzi schemes. And if you find the 5 you need to find the 1 that makes it worthwhile. And there is only one, but youre going to have to find that out yourself as its part of the learning experience. Proper bitcoin investing is obviously far more sophisticated than simply holding the coin or simply making a few buy on the dip trades. A proper strategy involves owning the coin, trading it and mining it - but given 1 to 2 yrs involvement you will figure it out soon enough if you are committed. If like me you find it technologically fascinating and learning it becomes like a hobby you are enjoying then financial reward will be the natural byproduct as opposed to the pursued one. Pretty much like anything in life. BTC is just another asset class along with your shares, gold, listed property and bonds. But being revolutionary it offers higher reward/risk ratios. There are also some very particular benefits it offers South Africans (protection from the Rands inevitable decline of 6~10% per annum being one) but unless you play the game you won't figure those out Sent from my iPhone using the Platinum Wealth mobile app
  49. 1 point
  50. 1 point
    although not directly related to finance, still affects us all financially: http://www.fin24.com/Economy/drought-is-a-wake-up-call-on-sas-water-needs-20160911-2
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